Firms Must Arbitrate $12.5M Fee Dispute, 2nd Circ. Says

Law360, New York (April 22, 2013, 9:03 PM EDT) -- Plaintiffs law firms Robinson Brog Leinwand Greene Genovese & Gluck PC and the O'Quinn Law Firm must arbitrate a contract dispute over how to distribute $12.5 million in potential fees from a securities suit, the Second Circuit said Monday.

The appeals court shot down a request from law firm Robinson Brog to handle the fee battle in federal court, finding that a written agreement that laid the groundwork for the case called for arbitration. Robinson Brog, which wants O'Quinn to turn over fees allegedly owed for...